SINGAPORE (May 3): Analysts are staying the course on OUE Hospitality Trust (OUE H-Trust), on the back of strong revenue per available room (RevPAR) growth in its hospitality segment, and a potential recovery for its retail segment.
OUE H-Trust reported a 1.9% increase in gross revenue to $32.7 million for the 1Q18 ended March, driven by higher master lease income from Mandarin Orchard Singapore (MOS).
However, distribution per stapled security (DPS) fell 3% to of 1.26 cents in 1Q18, on the absence of income support for Crowne Plaza Changi Airport (CPCA), which was fully drawn down by 3Q17.
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